Tag: Net sales and operating profit of Nokian Tyres to drop in 2014

Nokian Tyres posts 2014 sales drop on weak economy

Due to a weaker forecast for the economy in Russia and CIS, Nokian Tyres downgrades its guidance for 2014. The clearly devalued Rouble has hurt Russian economy and the purchasing power of Russian consumers, thus weakening tyre demand and Nokian…